Marks & Spencer Invests £95m in Retail Staff Pay
Marks & Spencer has announced a £95m investment aimed at increasing retail staff pay. The investment is part of the company’s ongoing efforts to improve employee compensation.
Pay Increase Details
- The pay rise will be implemented from April 1st
- The increase is in line with the Real Living Wage in the UK
- The company has invested over £285m in increased pay since 2022
Company Performance
The company’s shares have experienced fluctuations in value due to various market factors. These factors include:
- Corporate earnings updates
- The European Central Bank’s interest rate decision
- The FTSE 100 index has experienced mixed performance
Share Price Impact
The exact impact of these market developments on Marks & Spencer’s share price is unclear.